2008 Refunds gone after April 17

• April 3rd, 2012
• David Greene
• Comments Off on 2008 Refunds gone after April 17

Can you get a refund no matter how late you file your taxes?  No!  The IRS has a rule that you can only get a refund for the previous three tax years.  Therefore, since 2011 is the current tax year, you can still get

Most likely Taxpayers to have Delinquent Taxes

• March 13th, 2012
• David Greene
• Comments Off on Most likely Taxpayers to have Delinquent Taxes

I can’t say that there is any one group that tends to get in trouble more than any other, but there is one type of taxpayer who tends to get in trouble frequently.  Self employed people tend to find themselves in trouble more often than people who work for wages.  Examples are attorneys, real estate agents, contractors,

What makes an Offer in Compromise Not Processible?

• March 8th, 2012
• David Greene
• Comments Off on What makes an Offer in Compromise Not Processible?

Many times when a taxpayer attempts to submit an Offer in Compromise without professional help it is returned as non-processible.  “Not processible” means that the taxpayer failed to fulfill at least one of

Missing W-2? Here’s what to do

• March 1st, 2012
• David Greene
• Comments Off on Missing W-2? Here’s what to do

An employee should receive his W-2 by January 31.  If you did not, you should take these steps: (1) Contact your employer and verify whether your address is correct and request a resubmission of the W-2.  (2)  If not received in a week, call the IRS and provide the employer’s information, dates of employment and

Records to keep for Charitable Contributions

• February 23rd, 2012
• David Greene
• Comments Off on Records to keep for Charitable Contributions

First, I’m proud to announce that we now offer tax return preparation services for both delinquent and current taxes.  Call for an appointment.

Any contribution, cash or tangible items, of $250.00 or more must be substantiated by a contemporaneous

When does the IRS forgive Penalties and Interest?

• February 14th, 2012
• David Greene
• Comments Off on When does the IRS forgive Penalties and Interest?

First, let me wish everyone a Happy Valentines Day.  Many people who owe taxes more than five or six years old find that the interest and penalties are more than the original tax.  This is because penalties keep being added for several years until they max out.  In fact there are more than 170 penalties the IRS can charge.

Reversing the Denial of an EIC or exemption claim

• February 8th, 2012
• David Greene
• Comments Off on Reversing the Denial of an EIC or exemption claim

The denial of a person’s earned income credit and claim of exemption for a minor child affects many people.  It usually arises in the context of recently separated or divorced parents.  Both will claim the exemption and credit and the IRS assumes

When can a child support order be changed?

• January 31st, 2012
• David Greene
• Comments Off on When can a child support order be changed?

Child support is always open for review until the supported child is emancipated. This usually occurs when she turns 18, 19, or graduates from high school, whichever is later.  However under some circumstances, emancipation may occur sooner or later.  Any requested change in child support has to be based on a

Is your tax refund missing?

• January 24th, 2012
• David Greene
• Comments Off on Is your tax refund missing?

This time of year I get several questions about missing tax refunds.  The IRS recently reported that they have about $153 million in undelivered tax refunds.  These are for 99,123 taxpayers.  Some of my readers may be among those.  The failure in delivery was due to faulty addresses.  One good way to avoid this in

Alternatives to an Offer in Compromise

• January 19th, 2012
• David Greene
• Comments Off on Alternatives to an Offer in Compromise

What are some other options for retiring delinquent tax debt if one does not qualify for an Offer in Compromise?  The first option is an Installment Agreement.  Not everyone qualifies for this, but if the taxpayer does an acceptable monthly payment amount can usually be negotiated with the Revenue